Revolut, the UK-head-quartered financial superapp valued at $33 billion in September 2021, today announced the appointment of Juan Miguel Guerra as its CEO in Mexico, following the launch of its US-Mexico remittance corridor in July 2021.
Before joining Revolut, Mr Guerra held senior executive roles at Rappi as Head of RappiPay Mexico; Citibanamex as Chief Innovation Officer; and other fintech firms. Mr Guerra will build a team in Mexico to lead Revolut’s expansion in the country.
After opening operations in the US in March 2020, Revolut opened up easy access, fast, low cost cross-border payments with the launch of its US-Mexico remittance corridor. The feature enables Revolut customers in both countries to easily transfer money between countries without any hidden fees, at the real exchange rate.
Revolut designed its money transfer features with ease-of-use and transparency in mind to afford its customers full visibility of where their money is going and when. Customers can sign up for an account in minutes and make transfers soon after. Using Revolut’s bank transfer tracker, customers can conveniently check the status of their transfers directly within the app.
Internationally, Revolut has established itself as a global financial superapp, an innovative, customer centric alternative to traditional banking, through its suite of digitally-enabled products across personal banking and business accounts, cards and payments, foreign exchange transfers and remittances, insurance and other financial services.
Led by Juan Miguel Guerra, Revolut Mexico, aims to quickly build a talented team and introduce those products in the country to help Mexicans significantly improve how they manage and control their money and spending. Revolut is searching for Mexican and international talent to join its growing team and is hiring professionals for legal, compliance, operations and HR teams (See the Careers section of Revolut’s website).
Nik Storonsky, CEO and co-founder of Revolut, said: “With his wealth of experience in the fintech and consumer tech sectors and an outstanding track record, we’re delighted that Juan is to join Revolut and help us work toward our mission of creating the world’s first truly global financial superapp. We’re looking forward to transforming the way people in Mexico access and manage their money as we bring our products and services to more people around the world.
Mexico is an important market in our expansion strategy with a huge supply of talent, and we’re excited to tap into that talent pool to help Revolut go from strength to strength.”
Juan Miguel Guerra, CEO Mexico at Revolut, said: “I couldn’t be more excited to join Revolut and jump aboard this rocketship. It is an honour and a privilege to be asked to lead the business for such a world-class company in my country. Mexico represents one of the largest opportunities globally for Revolut and its first step in Latin America. I look forward to building an exceptionally talented team and working with them, as we continue to develop the best financial solutions for millions in Mexico, especially those who are internationally mobile.”
Revolut will be among the first UK fintechs to reach Mexico. Its launch in the country is the latest step in its international expansion plans, following successful launches in Singapore and Australia in 2019; and the US and Japan in 2020.